St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-11-06

veals the following facts: The market
has been more or less dull in the sense
of there not being many deals, involv-
ing strictly cash purchases. during the
past few months. The present
may be termed a transient period
of hopefulneSS and promise. Although,
taken clean through the trade, the ac-
tual business reported by the various
dealers does not amount TO very much,
there is the activity of inquiry" perme-
ating the business in brisk and whole
some manner that is very encouraging
for good money-making season this
winter,
The whole question in nutshell was
clearly put yesterday by Mr.. Marsh, of
tie firm of Bartlett K Marsh than
whom there is no better authority on
real estate in the city, when he said:
The real estate market is not quite as
active as it might be, owing mainly to a
scarcity of money i'll the hands or
buVerS. No one sees or believes there
is any cause for permanent depression
in values. The only people who are
shading prices are those who have very
pressing need of money for immediate
use. Such offers taken now will I'M
doubtedly prove a good, tirSt-claSS in
AGSlilGills SlllNi ollONAtA openings ~ SNcAA
by people with capital, they could not
place their money in anthing more re-
munerative than good city property"
The article in yesterdays GLOBE in
regard to the purchasing of the Thomas
d. Skies property, corner of NicOllet
avenue and Fifth street, for the New
York Equitable Life Insurance COM
pany. attracted wide attention among
the general public, and especially real
estate men. In an interview had with
Mr.. SkileS about the matter he said the
GLOBE was perfectly correct in its
statement of the facts. He
had been approached by the
insurance people. and offered price
which he would not accept. His figure
was S235 600 and he would not take
cent less. He is assured by every one
that the site is one of the most valuable
in the city, and, laughingly, added, Il
am perfectly aware of that fact myself"
The amazing increase in value of the
dirt of this city may be judged
by the following figures. in relation to
this property. Mr.. SkileS purchased it
Just twelve years ago, paying for the
ground 81, 800, and for the original
building S2,100, thinking at the time it
would be fair investment. that would
return him good interest i'll the shape of
rents, but he never imagined it was the
gold mine it has turned cut to be. Al
ready he has collected in rents alone.
$4,000 or say $4,000 a year. As for
selling even at his own price he is not
over anxious to do 50 at all. being amply
satisfied with matters as they are now,
but should these insurance people ac-
cept his price, he will sell and be done
with it. This was Mr.. SkileS' statement
at o'clock in the afternoon: seen later
at his residence, he furnished
the following as the final
decision in the matter as
far as he is concerned. The Insurance
representative gave him twelve days to
consider the question. Last night at
CLOCK, which is the close of business
hours, the time was up, and no one had
appeared to further negotiate in the
case. Mr. Skiles therefore at o'clock
last night looked upon the affair
As ended, and casually expressed
the belief that now it could not
be bought at the figure named
by him the past few days. There is a
possibility If the property remains in
his hands of block surprising Temple
Court in elegance and size going up in
the near future, and this makes Mr..
Skies chaTy of selling at all. He then
kdlu. Ills Is lDC GAdtO SldlC VI lIlG
situation at present. and the public now
know Just as much as do on the sub
ject."
Them ortimer apartment house is rap
idly approaching completion. The brick
work il all finished and the roof will be
on complete this week. This magnifi-
cent building has been rushed through
very rapidly in its construction, but
owing to the enormous force at work,
the labor upon it has been done in
admirable style. 1t Is just ninety
days on the 18th inst. that the
foundation work was commenced. 1t
will be furnished and ready for Occu-
pancy, complete III every detail, with
all the latest novel cOntrivanceS, insur-
ing safety against fire and other dangers,
on the 10th day of December and is
sure to become popular place for
occupancy. This tenement style of
building is becoming quite popular.
along with other Eastern manneriSmS.
\ X
C. H. Deane sold yesterday to
Messrs. Young and Kinkle thirty
eight feet on Seventh avenue
south. near Fifth street, and
they intend TO erect handsome three
story, double-tenement house upon it in
a short time. F. NJ. WaShburn has had
Sketched a building TO consist of six
separate tenement houses, to cost in the
neighbOrhOOd of S25, 600 altogether, and
has even consulted builder and con-
tractor on the subject, but as he has not
vet found good location. is at present
undecided as TO how he will act in the
matter.
-
The Viaduct permit passed by the city
council to be erected at Lyndale avenue
is hailed with delight by the people on
that thOrOughfare. as they are confident
it will increase prices and improve the
avenue in every way. The boulevard
north of the avenue. and which virtu-
ally joins Central and Prospect parks
together, is being rapidly graded. and
promises in a short time to be one of the
handsomeSt drives in the city.
Single Creek is ambitious. The
creek folks are greatly stirred up by
rumOrS that the North Star Iron works
are going to be located in their midst.
They have secured already the elevator
of the Minneapolis IL Pacific railroad,
the saw mills of Eastman, Bovey Il Co..
lately burned out. the pump shops for
the new water works, and it is therefore
no wonder they are excited at the
latest news of their section. As far
as known the facts are these: A cOu-
pie of agents of the North Star people
were out few days ago looking over
the ground. They said they would need
a bonus of $4,000 before coming, but
that could be easily raised out there
They had an offer Of five acres that they
said would he suitable for the works,
and so far thai is all that is known in
the matter. Shingle Greek is ambitious
her people will exert themselves to
the utmost to secure the works, as this
would create first rate boom in their
locality and they are evidently an en-
ergetic people.
Another part of the city directly at
bo o,l,a,. a,,6 from, SlinUTa Craal- fbaf